AI PowerPoint Killer Gamma reaches $2.1B valuation and $100M ARR, founder says

Gamma is a startup that creates AI-generated presentations, websites, and social media posts. Announce Monday a $68 million Series B round at a $2.1 billion valuation led by Andreessen Horowitz.

Co-founder and CEO Grant Lee Published on X The company achieved $100 million in ARR, with 70 million users. The startup made $50 million in revenue in its first two years, Lee Previously published. Gamma has raised its latest $12 million Series A round Led by Axel In 2024.

Gamma is not a new AI startup (at least by AI standards). It was founded in late 2020, according to LinkedIn for mewith its product debuting in 2022.

Its increasingly cautious (by AI standards) trajectory has helped it reach a double-unicorn valuation with total fundraising of around $90 million. This was achieved with only about 50 employees, Lee said. The round included a $20 million secondary offering that would provide liquidity to early employees, the company tells TechCrunch. The latest round also included participation from Accel, Uncork Capital and other backers Includes South Park Commons, the Hassell Fund and others.